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MAIL BOXES COAST TO COAST INC. ACQUIRES CONTROLLING INTEREST IN NORTH AMERICAN TECHNOLOGIES INC. AND NORTH AMERICAN ENVIRONMENTAL GROUP INC.

MAIL BOXES COAST TO COAST INC. ACQUIRES CONTROLLING INTEREST IN NORTH AMERICAN TECHNOLOGIES INC. AND NORTH AMERICAN ENVIRONMENTAL GROUP INC.
 LOS ANGELES, June 10 /PRNewswire/ -- Mail Boxes Coast to Coast Inc. (NASDAQ: MBCC) announced today that it has executed a privately negotiated exchange agreement pursuant to which it has acquired a controlling interest in North American Technologies Inc. ("NAT") and North American Environmental Group Inc. ("NAE").
 By virtue of the exchange agreements, MBCC will have acquired approximately 60 percent of NAT, an Alberta-listed Canadian public company and 92 percent of NAE, a publicly traded U.S. company (OTC Bulletin Board: NAME). NAT and NAE are related to development stage companies with proprietary bioremedial, biotechnical and mechanized enzyme technologies that have applications in several industries including environmental services, oilfield drilling services, and the development of synthetic oils from heavy crude oils, tar sand and oil shale deposits.
 MBCC will shortly file an information statement reflecting a 1-to-15 reverse stock split and a change of its name to "North American Technologies Group" to reflect the change of its primary operating activity to that of a biotechnology-based resource and environmental management and services company.
 -0- 6/10/92
 /NOTE: No regulatory authority has approved nor disapproved the content of this announcement./
 /CONTACT: Howard Appel, director of MBCC, 215-563-5630/
 (MBCC NAME) CO: Mail Boxes Coast to Coast Inc.; North American Technologies Inc.;
 North American Environmental Group Inc. ST: California IN: SU:


AL-CH -- LA028 -- 8952 06/10/92 16:24 EDT
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Publication:PR Newswire
Date:Jun 10, 1992
Words:246
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